USDCHF Analysis – July 27, 2013

USDCHF’s fall from 0.9751 extends to as low as 0.9264. Further decline to test 0.9130 support could be expected next week, a breakdown below this level will indicate that the downtrend from 0.9838 has resumed, then the following downward movement could bring price to 0.8500 zone.

usdchf daily chart